Allied Gear ceases production.(Industry News)(Brief Article)

Allied Gear & Machine Co. of St. Louis, MO, has ceased manufacturing printing presses and has laid off its employees, according to a company official.

The official, who asked not to be identified, says that Allied Gear's owner "has taken the decision that continued production of new presses is not, at this state of the market, a profitable business for the company, and is no longer soliciting press orders."

The company still exists in name, he adds, but says that the owner has "significantly downsized the business." No employees remain on the payroll, he sa